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Manulife Financial Corp and Britain’s Standard Life have agreed a near-$4 billion deal for the Canadian operations of the British insurer as part of a broader global tie-up.

The Bank of Canada reiterated its explicitly neutral stance and kept its overnight interest rate at 1 percent on Wednesday, while highlighting its concern about the overstretched household sector, in remarks that helped boost the Canadian dollar.

Canada’s WSP Global Inc said it would buy Balfour Beatty Plc’s U.S. professional services division, Parsons Brinckerhoff, for an enterprise value of about $1.24 billion, to increase its footprint in the U.S. transportation segment.